Cambridge Mechatronics raises $40M for smartphone imaging tech

Cambridge Mechatronics has raised $40 million for its actuators and controller integrated circuits which are used in smartphone imaging.

Cambridge Mechatronics (CML) has shipped its Shape Memory Alloy (SMA) technology in over 70 million products, including some of the world’s top-ranking smartphone cameras. With over 700 patents pending and granted, the company plans to expand beyond smartphone imaging into healthcare, interactive entertainment, and other applications.